Italy struggles despite Berlusconi move
Italy's economic woes sent bond yields to record highs today while shares slid and, with a bond auction due tomorrow, no respite is expected.
Italy has had a devastating day on financial markets with yields on all its bonds hitting record highs as investors demanded a huge premium to buy Italian debt, despite news of Silvio Berlusconi's plans to resign.
The country is facing a potentially worse markets headache tomorrow as it prepares to sell off one-year debt to a market where buyers are extremely scarce.
International Monetary Fund president Christine Lagarde addressed a conference in Beijing about the...
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